Warning to All - The American Economy is Not Back - Prepare for the Coming Depression

Peter Schiff, one of the few people who actually saw the financial crisis approach and warn us about it, discusses why America is not back.

http://www.newamerica-now.blogspot.com
http://www.thewatchmen.fm

Category:

News & Politics

Tags:

• economic
• collapse
• financial
• crisis
• black
• friday
• holidays
• christmas
• shopping
• news
• dpllar
• euro
• austerity
• disaster
• gold
• silver
• food
• storage
• prepper
• prepare
• inflation
• hyperinflation
• deflation
• depression
• coming
• us
• europe
• peter
• schiff
• gerald
• celente

[Turtleo0]

How much does it cost for an American wife?

[NewAmericaNow]

@Turtleo0 Too damn much...LMAO Hold on I'm about to get hit with a frying pan while I laugh. That will be one arm and one leg and two testicles please.

[opsychic]

yeah i agree - using Credit Cards and getting into debt to go "spend some more" with money they do not have and worse yet - are borrowing from places like China (talk about how China and India are raking us over the coals - not just with our debt but also by stealing our jobs)... These people are the problem with this country - they just do not care. Let's see what they think of the coming collapse and FEMA camps. Bet they're not ready

[NewAmericaNow]

@opsychic Most Americans don't realize that the majority of Chinese workers are making the equivalent of $50 a week. It is obvious that the people of the world are getting ripped off and the Corporations are getting rich from the profits and the fact they they pay little to no tax.

[stealinator]

Great vid, though I did not agree with Shiff, in that Vlog saying savers need to put $ in the bank. Hell, I took most mine out, dont trust the financial sector. 80% of mine is now parked in physical metal, mostly silver.

[NewAmericaNow]

@stealinator I thought the same thing. If our currency was controlled by the people as is Constitutionally required I would say yes, but not to fatten the Bankers. I also took most of my money out of these financial institution. It's no longer safe for them to keep your money for you. Thanks for the input.

[kaihoosi1]

so true and so so sad

[MrGchiasson]

Now the idiots at Fannie Mae are offering new loan assistance to sub prime mortagages...get a new loan without the need of a credit rating! That's the same garbage that started this mess! They keep trying to cover their butts and cover up the scam that they've been running for decades.

[MrGchiasson]

The unemployment numbers are 'fuzzy math'..lies! We are closer to 12% unemployment. the jobs are gone. We have been in a consistent recession/ mini-depression for the last five years..and it started years before that. The sub-prime loan SCAM has destroyed our economy:

a perfect storm of a corrupt & inept Washington and a thieving Wall Street. Everybody made money...at the expense of the taxpayer. We have been scammed and robbed And now Washington is still in the way of recovery.

[Daydream2142]

@opsychic they didn't steal your jobs in American. those jobs were shipped to poor countries by YOUR corporations. It's called 'globalization'.

[JanHuniche]

Is that a chemtrail behind the speaker at 0:43... ???.

[dlparker1975]

So true. American consumer not maker of anything. Every segment of our industrial power has been sold to another country. What a shame and truthful this video is. There is no power in buying. Millionaires never become millionaires without saving. Building wealth comes from manufacturing and saving. Not spending and service industry.

[Pitbuller956]

What happens anyway?